915 Highway 82 Indianola, MS 38751
- Retail space
- 7,300 SF
- 1.85 lot acres
Current Use by Public Records
- Retail space
Property Details for 915 Highway 82
- Year built
- 2014
- Lot size
- 1.85 lot acres
- Property size
- 7,300 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
This exceptional investment opportunity presents a fee-simple, net-leased storefront property located at 915 Highway 82 W, Indianola, MS 38751. The 7,300 square foot building, constructed in 2014, sits on a 1.85-acre lot and is currently occupied by a credit-rated Flowers Foods under a NN+ lease with over five and a half years remaining on the initial fifteen-year term. The lease includes scheduled 5% rental increases every five years throughout the initial term and at the 5-year renewal option, providing consistent income growth. The property generates a substantial net operating income (NOI) of $95,127, resulting in a 5.50% cap rate based on the asking price of $1,729,583. Landlord responsibilities are minimal under the terms of the net lease. Adding to the property's value is a separate billboard lease generating an additional $3,000 annually. The tenant, Flowers Foods, boasts an investment-grade credit rating of BBB- from S&P, ensuring financial stability and reduced risk. This centrally located property in Sunflower County offers a secure, high-yield investment with significant long-term potential. The property's strong tenant, favorable lease terms, and substantial NOI make it an attractive addition to any portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Indianola
- County
- Sunflower
- State
- Mississippi
- Longitude
- -90.6714862
- Latitude
- 33.4553302
